Bank of Baroda has invited applications from qualified candidates to fill various positions in its digital pool.
The Reserve Bank in April 2022 advised banks to set up digital banking units (DBUs). The regulator has instructed banks to report the digital banking sector as a sub-sector of retail banking under their accounting practices.
Under the Eight Positions Recruitment Scheme, Bank of Baroda has one position each for Head of Merchant Acquisition Business and Head of Artificial Intelligence.
Besides, it has one center each for Lead-Merchant Acquiring Online, and Lead-Merchant Acquiring Offline; Leading companies in digital partnership; Digital Partnership Pioneers – Fintechs; Leads robotic process automation and fraud prevention in leading digital payments.
The Mumbai-based lender is expanding its digital journeys from start to finish to include pre-approved two-wheeler loans, car loans, education loans, home loans for pre-approved projects, and home loan augmentation loans.
For MSME borrowers, it has digitized the process of renewing MSME small ticket loans. Mudra loans of up to Rs 10,000 are processed digitally. In the agriculture sector, it provides golden loans to farmers digitally.
The lender is also working on a comprehensive digital journey for the Kisan credit card in select states that have the gradual digitization of farmland registries.
This includes integration with Agritechs to fetch land records and analyze farm data risks.
According to a notice, the positions the bank invited applications for are of a contractual nature and will be for a period of five years with an annual performance review.